2023-12-31-accounts - Wight Nature Fund

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Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: the Statement of Recommended Practice: Accounting and Reporting by Charities • and with  preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 • and with  the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) • and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by  FRS 102.* * -Tick as appropriate

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that support Not Applicable the conclusion that the charity is a going concern; Disclosure of any uncertainties that make the Not Applicable going concern assumption doubtful; Where accounts are not prepared on a going Not Applicable concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

1.3 Change of accounting policy

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The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.
Yes 
-Tick as appropriate
No
Please disclose:
(i) the nature of the change in accounting policy; Not Applicable
(ii) the reasons why applying the new accounting policy
provides more reliable and more relevant information; Not Applicable
and
(iii) the amount of the adjustment for each line affected Not Applicable
in the current period, each prior period presented and
the aggregate amount of the adjustment relating to
periods before those presented, 3.44 FRS 102 SORP.
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1.4 Changes to accounting estimates

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No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).
Yes 
-Tick as appropriate
No
Please disclose:
(i) the nature of any changes; Not Applicable
(ii) the effect of the change on income and expense or
assets and liabilities for the current period; and Not Applicable
(iii) where practicable, the effect of the change in one or Not Applicable
more future periods.
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1.5 Material prior year errors

Yes No No material prior *Please disclose* *(i) the nature of* *(ii) for each prio* *amount of the c* *affected; and* *(iii) the amount* *earliest prior pe*	year erro	r have been identified in the reporting period (3.47 FRS 102 SORP).
		* -Tick as appropriate
	: *the prior* *r period* *orrection* *of the co* *riod pres*	Not Applicable Not Applicable *Not Applicable* *period error;* *presented in the accounts, the* *for each account line item* *rrection at the beginning of the* *ented in the accounts.*

CC17a (Excel)

08/11/2024

Section B Balance sheet

Unrestricted funds £ F01 - 7,959 - -	Restricted income funds £ F02 - - - -	Endowment funds Total this year £ £ F03 F04 - - - 7,959 - - - -	Total last year £ F05
			- 5,727 - -
7,959	-	- 7,959	5,727
2,808 - - 100,832	- - - -	- 2,808 - - - - - 100,832
			3,000 - - 34,264
103,640	-	- 103,640	37,264
			600
-	-	- -

103,640	-	- 103,640	36,664

111,599	-	- 111,599	42,391
			- -
- -	- -	- - - -

111,599	-	- 111,599	42,391
- 100,832	-	- - - 100,832 -
			- - 42,391
100,832	-	- 100,832	42,391
		T. Cowley Print Name	Date of approval dd/mm/yyyy 30/10/2024

CC17a (Excel)

08/11/2024

	Wight Nature Fund	CIO					Charity No (if any)	Charity No (if any)	1173346
		Annual accounts for the				period
	Period start date		01/01/2023	To			Period end date		31/12/2023
Section A	Statement	of financial activities
Recommended categories by activity Incoming resources (Note 3)		Guidance Notes	Unrestricted funds £ F01	Restricted income funds £ F02			Endowment funds £ F03		Total funds £ F04		Prior year funds £ F05
Income and endowments from:
Donations and legacies		S01	72,194		-			-	72,194		6,713
Charitable activities		S02	1,192		-			-	1,192		2,257
Other trading activities		S03	-		-			-	-			-
Investments		S04	-		-			-	-		1,097
Separate material item of income		S05	-		-			-	-			-
Other		S06	-		-			-	-			-
*Total*		S07	73,386		-			-	73,386		10,067
Resources expended (Note 6)
Expenditure on:
Raising funds		S08	-		-			-	-			-
Charitable activities		S09	4,318		-			-	4,318		1,912
Separate material item of expense		S10	2,382		-			-	2,382			-
Other		S11	-		-			-	-		7,732
*Total*		S12	6,700		-			-	6,700		9,644

Net income/(expenditure) before	investment
gains/(losses)		S13	66,686		-			-	66,686			423
Net gains/(losses) on investments		S14	-		-			-	-			-
Net income/(expenditure)		S15	66,686		-			-	66,686			423
Extraordinary items		S16	-		-			-	-			-
Transfers between funds		S17	-		-			-	-			-
Other recognised gains/(losses):
Gains and losses on revaluation of fixed assets	for the charity’s own use	S18	-		-			-	-			251
Other gains/(losses)		S19	-		-			-	-			-
*Net movement in funds*		S20	66,686		-			-	66,686			674
*Reconciliation of funds:*
Total funds brought forward		S21	39,827		-			-	39,827		39,827
*Total funds carried forward*		S22	106,513		-			-	106,513	Prior Year Error

Wight Nature Fund

2023 Charity Commission Trustee’s Report

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Commission. Some minor works were carried out on the woodland to ensure the safety of the community when accessing the wood.

The AONB team advised that a Farming in Protected Landscape grant could be submitted in line with the planned work and this was submitted. This allowed the Wight Nature Fund to obtain tools and a trailer for future works such as coppicing once the Woodland Management Plan had been approved.

A new trustee Simon Clark joined the Trustees, having previously done some volunteering work for Wight Nature Fund, Simon was keen to get involved further and share his expertise to the benefit of the charity.

The Wight Nature Fund also kindly received £72,193.58 from a Miss Magaret Joyce Burnhill as part of her estate legacy to the charity. The trustees plan to use this generous legacy towards either land acquisition, or educational projects.

In this year the Trustees have:

Finalised a Woodland Management Plan for Forestry Commission approval

Received over £72,000 in donation and began exploring options for this donation in line with the Wight Nature Fund constitution.

Received a Farming in Protected Landscape grant that could be used towards tools for relevant woodland management work.

Continued maintenance of the environment and safety of Mill Copse.

associated and aligned aims.

WIGHT NATURE FUND Charity number: 1173346

INDEPENDENT EXAMINATION OF ACCOUNTS

INTRODUCTION

I have been requested to undertake an independent examination of the accounts of Wight Nature Fund for the financial year ending 31st December 2023.

Wight Nature Fund (Charity No. 1173346) had an annual turnover of between £10,000 and £250,000 and an independent examination report is therefore a Charity Commission requirement together with the submission of annual accounts.

I confirm that I have no other role or relationship with the Charity or its Trustee’s and there are no circumstances in the examiner’s judgement that would reasonably lead to the perception that the examiner is not independent.

CONTENT

1.The Charity has supplied me with listings of payments and receipts for the period 1[st] January 2023 to 31[st] December 2023 . A bank statement for the charity was also supplied displaying letter headed bank statement details for the following bank account –

Bank: HSBC

Sort Code: 40-34-26

Account No: 11279777

Opening balances amounted to £34,146.32 on the 1[st] January 2023 and closing balances amounted to £100,832.15 as at 31[st] December 2023. The significant increase in funds arose from a bequest paid to the Charity by the Terence Willey Law Practice on behalf of the donor.

I am advised by the Trustee’s that all sums contained in the above account are to be applied to the charity purpose. As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act. I have completed my examination and confirm that I have no concerns and have come across no matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Gareth Hughes

Former CPFA member. 10[th] June 2024